Scotiabank Has Negative Outlook for TSE:IE FY2027 Earnings

Ivanhoe Electric Inc. (TSE:IE) – Research analysts at Scotiabank reduced their FY2027 earnings estimates for shares of Ivanhoe Electric in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now expects that the company will earn ($0.48) per share for the year, down from their previous forecast of ($0.31).

Separately, National Bank Financial reduced their target price on shares of Ivanhoe Electric from C$30.00 to C$27.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$24.75.

Ivanhoe Electric Trading Down 1.3%

Shares of Ivanhoe Electric stock opened at C$15.58 on Monday. Ivanhoe Electric has a 1 year low of C$11.04 and a 1 year high of C$28.81. The company has a debt-to-equity ratio of 6.97, a quick ratio of 8.83 and a current ratio of 5.05. The company has a market capitalization of C$2.49 billion, a P/E ratio of -59.92 and a beta of 2.48. The company’s fifty day moving average is C$13.79 and its two-hundred day moving average is C$17.01.

Ivanhoe Electric Company Profile

We are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon¿ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc (“CGI”), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies.